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20130420
20130420
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and standard business source and is tour restaurant tax and is most of the rest of the city has holt new restaurants and? jack land and still a heart in the center of the bay area [name?] who was just one of the chef's award warded of the year and oakland is a city boomings and we are tryinged and part of ourselves and we have had amazing growth and we are going to move more towards towards it's business second thoors you care about we have -- taken $11 million and invested it in our town and we have even with the loss of economic development we have a new economic development office for the people -- (applause) and he is about to announce and it will not be today but he is about to announce a new economic development director that i think some of you will know and really think will help us reach that stage. -- 12%, property tax transfer trend is doing very very well, we have created 5,000 jobs, unemployment is down about four%. so what we are saying is that the city has really strong standard growth so where are the opportunities. well we have already had a shout out about healthcare
tax on high earners and why should they come herein instead of somewhere else? >>> first of all, the pressure of our locally grown skeet successful equips are growing and if they can grow within the bay area and so, i'm alms -- between san francisco and oakland, that you believe [inaudible] employee and is i had you raise your hands already and you are going to expand the idea that meet leading edge companies say they want to be with the talented and with oakland being the liberator and home of the -- technology in general and thriving arts and cutting edge innovation in general in areas we really have the talent here in the bay area and i think that is critical and also, i think we are looking at investors internationally and frankly at an -- promising a lot of our time to chinese investors and really an international economy but we are looking at not just across the country but to invest and -- in the bay area and it's not goal of -- 50% there and to ed we are a region and many of these companys are going to be make this horizontal and vertical -- chinese investors in the enti
to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march 1st and to make thing more interesting we run back into the ceiling debt much later and that rolls up into the fiscal cliff 2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most
Search Results 0 to 2 of about 3

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